INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

YahClick, Canar sign 6-year pact

The agreement will expand YahClick's presence in Africa. (YahClick)
  • The deal will make Sudan's Canar Telecom one of YahClick’s largest service providers across the region.
  • Under the agreement, Canar has procured significant satellite capacity from YahClick.

Abu Dhabi, UAE: YahClick, the Data Solutions subsidiary of Al Yah Satellite Communications Company, has signed a $15 million six-year strategic partnership agreement with Canar Telecommunication of Sudan to further expand its satellite broadband presence in Africa.

The deal will make Canar one of YahClick’s largest service providers across the region and deliver a wide range of new and improved services to customers across Sudan.

Under the agreement, Canar has procured significant satellite capacity from YahClick, which will be used by the company to deliver fast broadband internet connectivity to consumers and businesses in Sudan.

Canar is seeking to provide enhanced connectivity to support a series of e-government programs and revitalize the country’s banking and private sectors, YahClick said in a statement to Abu Dhabi Stock Exchange.

The telecoms provider is also aiming to support entrepreneurs in the country to digitally-empower their businesses by offering them more affordable and reliable internet services.

Ali Al Hashemi, Yahsat Group Chief Executive Officer, said, “The strategic partnership with an established telecoms operator in the country will allow YahClick to support other communities across the Middle East and Africa.”

Abdalla Saeed, Canar Chief Executive Officer, said, “By leveraging YahClick’s solutions we will be able to build up the country’s digital infrastructure in a manner that will allow our local economy to grow and thrive.”